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TechnipFMC secures subsea contract for Lapa Pre-Salt Field in Brazil

OilNOW -
UK-based TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a contract for the Lapa field by Total E&P do Brasil Ltda on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil...
News

Saipem snags 200 million USD in offshore contracts

OilNOW -
Liza Phase 1 Development prime contractor, Saipem, has been awarded new contracts in Offshore Drilling in Norway and the Middle East totalling over 200 million USD. The company said on Friday that one contract was signed with the German company...
News

Exxon mulls sale of Nigerian O&G fields as company focuses on Guyana, Permian

OilNOW -
US oil major ExxonMobil is weighing the sale of a suite of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin, Reuters...
News

EPA targeting mid-year completion for oil spill response plan

OilNOW -
Guyana’s Environmental Protection Agency (EPA) is working towards completing the country’s National Oil Spill Response plan by June, ahead of first oil from the Liza Phase 1 Development project. EPA Director, Kemraj Parsram says “tremendous progress” has been made over...
News

Young Guyanese ecstatic about working offshore with ExxonMobil

OilNOW -
Some 24 young Guyanese who have been given the opportunity to work with US oil major ExxonMobil on its giant Liza project offshore the South American country are looking forward to joining the team that will bring first oil...
News

Multiple campaigns underway at Stabroek Block

OilNOW -
Marine traffic is set to increase in the coming weeks at the Stabroek Block offshore Guyana as exploration and development activities ramp-up and installation operations for the Liza Phase 1 Development project gets underway. ExxonMobil affiliate Esso Exploration and Production...
News

Saipem wins Spotlight on New Technology award for oil spill response

OilNOW -
Italian-based oil and gas contractor Saipem has won the Spotlight on New Technology award by OTC - Offshore Technology Conference, one of the most important international oil & gas industry events. OTC will be held from May 6-9 and as...
News

Saipem secures US$220M in new contracts, extensions

OilNOW -
Saipem has been awarded new contracts and extensions to existing agreements in onshore drilling worth approximately US$220M in total, the Italy-based company said on Wednesday. The new contracts involve projects to be carried out in Bolivia and Saudi Arabia, while...
News

ExxonMobil increases Guyana resource estimate to 5.5 billion barrels

OilNOW -
In wake of the two recent discoveries announced in February 2019 by US oil major ExxonMobil, bringing the total finds offshore Guyana to 12, the company has since increased its gross recoverable resource estimate to greater than 5.5 billion...
Exploration

Tilapia encountered “highest net pay count” to date on Stabroek Block

OilNOW -
The two most recent discoveries on Guyana’s prolific Stabroek Block is particularly significant since one represents the highest net pay count found to date and the other the first gas discovery announced by the ExxonMobil-led consortium of Hess and...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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